NH Education Tax Credit Program

NH Education Tax Credit Program is sponsored by New Hampshire Department of Revenue Administration. Allows businesses to receive tax credits for donations to approved scholarship organizations supporting private school education.

Education Tax Credit Program - Children’s Scholarship Fund – New Hampshire Education Tax Credit Program Make a Scholarship Donation to CSF and Claim Your Education Tax Credit “One size does not fit all in education and the needs-based Education Tax Credit Scholarships empower families to choose a school that is a great fit for their child. ” Marian B.

Noronha, President, Turbocam, International Businesses donating to Children’s Scholarship Fund to fund scholarships for low- and middle-income K-12 children in New Hampshire can receive an 85% Education Tax Credit from the State of New Hampshire against business profits tax (BPT) and business enterprise tax (BET). Step 1. Determine your eligibility and contribution amount Estimate your New Hampshire BPT or BET liability for the year.

Determine the amount of this liability you would like to contribute to Children’s Scholarship Fund. You may apply for your Education Tax Credit by mail or online.

Apply For Education Tax Credit by Mail Mail your completed Education Tax Credit Application (Form ED-02) to the New Hampshire Department of Revenue Administration at: NHDRA Education Tax Credit Apply for Education Tax Credit Online You may also file Form ED-02 online at Granite Tax Connect . Step 3.

Once approved, send contribution to CSF Approximately 1 week after applying, you should receive written approval via mail from the Department of Revenue Administration.

After receiving your approval, postmark your donation within 60 days but no later than June 30 of the program year, and send your contribution (amount on line 7 of ED-02 application) to: Children’s Scholarship Fund New Hampshire Or donate online via Direct Debit Note: When making an online donation for an Education Tax Credit gift, you must select Direct Debit rather than credit card for payment method. Step 4.

Receive your tax credit CSF will send you the Education Tax Credit Scholarship Receipt within 15 days, which you must include with your New Hampshire State Tax Return to receive your tax credit. CSF will use your contribution to assist low-income children with scholarships. We look forward to partnering this year and for many many years to come to reduce the achievement gap and help New Hampshire children get the education they need.

Which Businesses Are Eligible? Any business that pays BPT and/or BET in New Hampshire is eligible to apply for Education Tax Credits. If you are interested in making a donation through your business and receiving an Education Tax Credit, please contact CSF Executive Director Kate Baker Demers at kbaker@scholarshipfund.

org or (603) 785-0174. CLICK HERE TO DOWNLOAD OUR FAQ/INSTRUCTION SHEET. Note: If you are not eligible for an Education Tax Credit, you can still contribute to the Children’s Scholarship Fund (a 501c3 nonprofit) by making a federally tax-deductible charitable contribution .

Learn about a federal tax credit for contributions to scholarship-granting organizations here This is default text for notification bar